The asset & competitive set
Our brief analysis of the Oilwell Supply Building
Advantages
- High walk score of 94
- Several nearby amenities: restaurants, hotels and retail/services
- Unique character —creative spaces in a historic building
- Compatible to smaller tenants
- Convenient to Dallas Love Field Airport
- Highly educated workforce within a 10 mile radius
- Close to Dart Rail Station
- 12-minute walk from new North End development—5000 Goldman Sachs employees will add to the energy of the area
- On-site security
- New residential development in walking distance
- Quick and easy access to major highways
- Planned multifamily development nearby
- Numerous parking options close to the building
Opportunities
- Activate building—create more appeal for tenants
- Give distinction to exterior—make entrance more inviting with facade updates & plants
- Move current 1st-floor tenant up and lease 1st-floor space to coffee shop/cafe tenant
to increase activity and draw to the property
- Offer building signage to tenants that qualify
- Enhance reception/security desk area and put furniture in lobby
- Add interactive digital building directory with nearby amenities and parking options,
or put up parking information signage that can be updated
- Put floor plan marketing boards in all vacancies
- Create portable marketing center
- Add tasteful window clings or placard Vacancy signage to outside of vacant suites
- Work with Mesa to make the outdoor area available to all tenants—add seating & shade
- Incorporate grab-n-go food market and tenant lounge with free coffee/drinks/snacks
- Make large space divisible if needed to meet demand
- Build out more spec suites and agile suites for convenient and quick leasing
— stage furniture to promote move-in ready suites
- Use simpler 5-page lease with flexible terms for smaller tenants
- Consider small fitness center
- Add tenant conference room
- New lighting throughout— make consistent
- Clean excess furniture out of vacant suites
- Focus on retention of current tenants— introduce Avison Young leasing team with email/postcard and drop-off candy/snack gift
Competitive set
